The rate of increase in the prices of ultra-luxurious homes in major cities in the world in the fourth quarter of last year, surveyed by British real estate information company Night Frank. Online report capture
In the fourth quarter of last year, the rate of increase in luxury home prices in Seoul was the third highest among major cities in the world. It means that it has responded relatively well to the new coronavirus infection (Corona 19).
According to the’Prime Global Cities Index’ of British real estate information company’Night Frank’ on the 7th, the price of high-priced houses in Seoul in the fourth quarter of last year rose 11.7% from a year ago, ranking major cities in the rising rate. It was #3 out of 45. In the third quarter of the previous year, it rose two places from the previous year’s increase rate (7.4%) ranking (5th place). In addition, the increase rate (9.0%) compared to the third quarter ranked second. This index is the target of the survey on the price trend of high-priced homes, which are the top 5% of prices by city.
The rate of increase in the prices of high-priced homes in all target cities was 1.9% on average. Although the spread of Corona 19 has not stopped, the rate of increase from the previous year was higher than in the third quarter (1.6%) due to the effect of low interest rates. The company analyzed that “the resilience was most evident in the market where the economy has already begun to open up and travel corridors are emerging,” said the firm.
By city, Auckland, the former capital of New Zealand, a model country for responding to Corona 19, had the highest rate of increase at 18%. New Zealand is a country that has maintained the number one place for 3 months in Bloomberg’s’Covid Resilience Ranking’, which means a good place to live in the era of Corona 19. China’s Shenzhen (13.3%) ranked second after Auckland. Along with Shenzhen and Seoul, four Asian cities were ranked in the top 10, including Manila in the Philippines (10.2%, 4th) and Shanghai, China (8.5%, 7th). Among North American cities, Vancouver, Canada (8.1%), ranked 8th, ranking the highest.
The lowest ranked 45th was Bangkok, Thailand. In the fourth quarter of last year, the price of expensive homes fell 7.3 percent from a year ago. It was also found that the prices of expensive houses in Western megacities such as London in the UK (-4.3%, 41st) and New York in the United States (-5.1%, 42nd) also made a big step back.
Kwon Kyung-seong reporter [email protected]
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